Existing Home Sales Cooling Off This Summer

Dated: August 10 2018

Views: 172

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC] | MyKCM

Some Highlights:

  • According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.

  • Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.

  • NAR’s Chief Economist Lawrence Yun had this to say: “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining. The root cause is without a doubt the severe housing shortage that is not releasing its grip on the nation’s housing market.”

Blog author image

Jennifer Dorn

Jennifer Dorn is an Associate Broker with Berkshire Hathaway HomeServices Select Realty (BHHS Select Realty) and served as the Managing Broker for both Realty World Select (RWS) and BHHS Select Realty....

Latest Blog Posts

Key Terms To Know In The Homebuying Process INFOGRAPHIC 11272020

Key Terms to Know in the Homebuying Process [INFOGRAPHIC]Some Highlights Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in

Read More

Key Terms To Know In The Homebuying Process INFOGRAPHIC

Key Terms to Know in the Homebuying Process [INFOGRAPHIC]Some Highlights Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in

Read More

Your House May Be High On The Buyer Wish List This Holiday Season 11252020

Your House May Be High on the Buyer Wish List This Holiday SeasonAround this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who

Read More

Your House May Be High On The Buyer Wish List This Holiday Season

Your House May Be High on the Buyer Wish List This Holiday SeasonAround this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who

Read More